Category Archives: Life Insurance

4 Important Steps When Buying Insurance

  When you are shopping for any type of insurance, follow these four steps to make sure you get the best insurance you qualify for, at the best price.   1.  Slow down.  Don’t rush into the first offer you …

5th February 2011 No Comments

Is a Life Insurance Settlement Taxed?

  Generally no, if you receive the proceeds under a life insurance contract because of the death of the insured person, the benefits are not included in gross income and do not have to be reported:   Any interest you …

3rd February 2011 No Comments

Do I have to take a medical exam when applying for life insurance?

  The short answer is no, you do not have to take a medical exam in order to obtain life insurance.  However, life insurance is cheaper when you do take a medical exam when applying for life insurance.  The companies …

1st February 2011 Comments Off on Do I have to take a medical exam when applying for life insurance?

What is Universal Life Insurance?

  Universal life insurance is a form of permanent life insurance that ensures a specific, guaranteed payoff at the death of the policy holder, as long as premium payments continue to be made. These policies are meant to be maintained …

30th January 2011 No Comments

What is Whole Life Insurance?

  Whole life insurance provides a specific, guaranteed payoff at the death of the policyholder. Premium payments are fixed for the life of the policy and are guaranteed not to increase. A whole life insurance policy is another form of …

29th January 2011 No Comments

What is Term Life Insurance?

   Term life insurance covers you for a specific period of time (a term) and pays death benefits to your beneficiary only if you die during that term. A term life insurance policy can be arranged in yearly increments ranging …

28th January 2011 No Comments

Life Insurance Basics

  Welcome to life insurance basics; everything you’ll ever need to know about life insurance.  Life insurance is not the lightest topic, but one that must be addressed.   Life insurance is one of the most misunderstood insurance types available.  At …

27th January 2011 Comments Off on Life Insurance Basics

Top 4 Life Insurance Mistakes

  After reading nearly all of the 1,460,000 results on Google for ‘top life insurance mistakes’, ok not all, but I certainly read a few, I have found the most common are:   1. Not having any insurance at all. The only time …

21st December 2010 No Comments

How Much Home Insurance do I Need?

  There are three primary factors in determining how much insurance coverage you need:   The cost of the coverage The amount of protection you want Requirements from lenders   The first step in determining how much insurance coverage you …

23rd August 2010 No Comments

Does my Credit Determine my Cost of Insurance?

  The short answer is yes and no. Not all states use your credit score to determine the cost of insurance, but some states do pull your credit when running insurance applications. Even if your state doesn’t allow for credit …

19th August 2010 No Comments